The present value of scooter is $15360.if it's value depreciates 12.5wvery year, find its value after 3years
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The present value of scooter is $15360. If it's value depreciates 12.5 every year. Find its value after 3 years.
Answer
Given :
Present value of scooter : $15360
Rate of depreciation : 12.5%
Time : 3 years
To find :
The value of the scooter after 3 years
Solution :
We can find the value of the scooter after 3 years by a formula.
Value of the scooter (after 3 years) :
Hence, the value of the scooter after 3 years is $10356.99.
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